Shenzhen’s gross domestic product totalled 3.2 trillion yuan (RM2 trillion) in 2022, taking third place in China after Shanghai and Beijing. — China Daily
SHENZHEN: Once a small fishing village, Shenzhen in southern China’s Guangdong province is now a mega city, having spent nearly five decades growing at full speed.
As the first special economic zone and tech-hub of the world’s second largest economy, Shenzhen’s gross domestic product totalled 3.2 trillion yuan (RM2 trillion) in 2022, taking third place in China after Shanghai and Beijing.
What created this metropolitan miracle? The answer lies in ceaseless innovation and highly competent talents.
Over three decades, Mindray Bio-Medical Electronics Co Ltd grew from an agent for imported medical devices to China’s biggest medical solution provider.
During this period, it developed cutting-edge technologies, while boosting its core competitiveness and developing the power of its brand.
Mindray takes up a considerable share of the international market with its self-developed products, such as monitors, anaesthesia machines and ventilators.
The company’s direct-selling products have entered two thirds of hospitals in the United States.
With an annual revenue of over 30 billion yuan (RM19bil), Mindray puts over 10% of its revenue into innovation and research, which has taken the company’s business performance to a higher level.
In the first quarter of 2023, Mindray saw both revenue and net profit increase by more than 20%.
“A great market nurtures good enterprises,” Mindray’s founder Li Xiting said, attributing the company’s success to solid innovation-based research and development of products and services to meet the ever-changing market demand. — China Daily/ANN
